Dynamic Technology Lab Private Ltd bought a new stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 394,941 shares of the basic materials company's stock, valued at approximately $1,828,000. Dynamic Technology Lab Private Ltd owned 0.13% of Fortuna Silver Mines at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Financial Management Professionals Inc. bought a new position in shares of Fortuna Silver Mines during the third quarter valued at approximately $29,000. Banque Cantonale Vaudoise bought a new position in Fortuna Silver Mines during the 2nd quarter valued at approximately $36,000. Private Advisor Group LLC purchased a new position in Fortuna Silver Mines during the third quarter valued at $50,000. Hohimer Wealth Management LLC bought a new stake in Fortuna Silver Mines in the second quarter worth $54,000. Finally, Coppell Advisory Solutions Corp. bought a new position in shares of Fortuna Silver Mines during the first quarter valued at $56,000. 33.80% of the stock is currently owned by institutional investors.
Fortuna Silver Mines Stock Up 0.4 %
NYSE FSM traded up $0.02 during mid-day trading on Tuesday, reaching $4.84. The stock had a trading volume of 6,663,313 shares, compared to its average volume of 6,413,584. The stock has a market cap of $1.52 billion, a PE ratio of 60.63 and a beta of 1.58. Fortuna Silver Mines Inc. has a 1 year low of $2.63 and a 1 year high of $6.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.37. The company has a fifty day moving average price of $4.85 and a 200 day moving average price of $4.94.
Analyst Ratings Changes
Separately, Scotiabank upped their price target on shares of Fortuna Silver Mines from $6.00 to $6.50 and gave the stock a "sector perform" rating in a research note on Monday, August 19th.
Check Out Our Latest Stock Analysis on Fortuna Silver Mines
About Fortuna Silver Mines
(
Free Report)
Fortuna Mining Corp. engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d'Ivoire.
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